1110 Ms-13 Columbia, MS 39429
- Lifestyle centers
- 23,500 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 1110 Ms-13
- Property size
- 23,500 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 23,500 square foot Class B shopping center in Columbia, Mississippi presents a compelling investment opportunity. Located at 1110 MS-13, this single-story building sits on a ground lease and features two long-term tenants, Pig and Pint and Griffen Tire, ensuring a stable income stream. The property boasts a current occupancy rate of 50% across four units within one building, with a total of two tenants. The asking price is $1,800,000, representing a compelling $76.60 per square foot and an 8.00% cap rate. The property is zoned C3 and features a gross lease structure with credit-rated tenants. Leases commence August 1st, 2024, with a remaining term of five years and a 0.25 rent bump provision. The APN is 163-32-000-01-025.00. One lease option is available. This strategically located center offers significant potential for growth and return on investment. The property's location in Marion County, Mississippi, provides easy access to a thriving community. This is a rare opportunity to acquire a well-positioned retail property with established tenants and strong future prospects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Marion
- State
- Mississippi
- Longitude
- -89.8356
- Latitude
- 31.2592
